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It increases the opportunity cost of not fixing an old vehicle. Most people might balk at an engine rebuild, for example, but if it's that versus a new vehicle
by 88913527 5y ago
It increases the opportunity cost of not fixing an old vehicle. Most people might balk at an engine rebuild, for example, but if it's that versus a new vehicle that has an added ongoing subscription fee -- it makes car repair seem relatively cheaper.
- jacquesm 5y agoSo, my trick is: buy an older but high quality car for peanuts, then pre-emptively redo everything that has worn, including an engine rebuild if that's what it takes. The end result is a car that is priced roughly 30 to 35% of the equivalent new vehicle cheap to insure, and with the added benefit of plentiful aftermarket parts and a lack of electronics that get in the way of driving the thing. I've done this twice now and I'm not going back to driving young or new.